Stick to a Safe Plan for Short-Term Investing

Rick is in the Army and deploying to Iraq next week. What type of short-term investments could he make while he’s gone?

QUESTION: Rick in Savannah is in the Army and deploying to Iraq next week. He’ll be making a lot more money with a lot less expenses. What type of short-term investments could he make while he’s gone? Dave points out the military option to save money at 10% interest, and it’s tax-free.

ANSWER: If I understand it right, there is a military option for you to save money at 10% interest. I think that’s a pretty safe deal. It’s a standardized process. I would put that money in the 10% deal. It’s going to be tax-free because you’re in a combat zone. You’re going to make more on your money that way than you are in any kind of an investment. I don’t disagree with you that the Army can mess up paperwork. It’s like a known deal. But I don’t think the 10% account will be that big of a deal.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !